For a bank, a loss of confidence is a fatal blow. After that occurred at several banks in the United States and Switzerland in the past few weeks, policymakers in […]
Eurozone
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Back to news homeEurozone Inflation Edges Lower, but Pressure on Prices Continues
With the winter drawing to a close, inflation levels eased in Europe last month, the European Commission reported on Thursday, even as concerns grew that stubbornly high prices could put […]
European Central Bank Raises Rates Again
After an initial slow start withdrawing easy money last year, the central bank began raising interest rates in July. Since then, it has undertaken the fastest pace of monetary tightening […]
Price Gains Ease in Europe but Core Inflation Keeps Policymakers ‘Up at Night’
A new year has brought Europe a little bit of good fortune. Unusually mild, even warm, weather has helped pull down natural gas prices after they soared for much of […]
Inflation in Europe Reaches a Record 10.7% as Officials Face Hard Options
Despite rapid interest rate increases by the European Central Bank, more than half of the 19 eurozone countries see double-digit rises in consumer prices. Read More
European Central Bank Raises Interest Rates Again
Policymakers on Thursday approved another hefty rate increase to corral prices that have risen “far too high.” Read More
Bread Prices Skyrocket as Inflation Grips Europe
The elevated costs of flour, nuts, eggs and even electricity are forcing bakers to increase their prices and cut their production. Read More
Eurozone Inflation Sets Another Record, Hitting 10 Percent in September
Month by aching month, surging energy prices are exacting a worsening toll on the living standards of millions of Europeans.The European Commission reported on Friday that consumer prices in the […]
Strong Dollar Is Good for the US but Bad for the World
The Federal Reserve’s determination to crush inflation at home by raising interest rates is inflicting profound pain in other countries — pushing up prices, ballooning the size of debt payments […]
Shock Waves Hit the Global Economy, Posing Grave Risk to Europe
Russia’s invasion of Ukraine and the continuing effects of the pandemic have hobbled countries around the globe, but the relentless series of crises has hit Europe the hardest, causing the […]